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- Overall Rating: 4 / 5 (Very good) Citizens Bank's refinancing offerings are very similar to other lenders—though its interest rates are below the average. Where it really shines is in its qualification requirements, because it allows resident aliens in the US to borrow, as well as people who did not graduate from college.
Jan 5, 2024 · Citizens Bank offers student loans and student loan refinancing. Its refinancing loan is best for financially stable borrowers who didn't graduate or who aren't U.S. citizens.
- Cecilia Clark
- NerdWallet rates Citizens Bank as a four-star lender for private student loans based on more than 50 data points. Citizens is a good option if you...
- Citizens Bank says it takes an average of two to four weeks to get approved for a student loan. Citizens also offers multi-year loan approval to bo...
- You can consolidate student loans with Citizens Bank. When you consolidate, or refinance, Citizens Bank pays off your old loans and issues you a ne...
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Aug 22, 2023 · Refinance your Student Loan with Credible today! See Details. We reviewed Citizens Bank Student Loan Refinance, including pros and cons, pricing, offerings, customer experience and accessibility.
- Susan Bischoff
- Loan Amounts and Terms
- Loan Costs and Fees
- Repayment Options
- Noteworthy Perks and Features
Citizens student loans have terms ranging from five to 15 years. The minimum you can borrow is $1,000, and the maximum is $350,000 (depending on degree). The upper maximum limit is an aggregate amount, and it is inclusive of all money borrowed from other lenders and federal student loans.
The fixed interest rates for Citizens Bank’s undergraduate loans range from 3.99% to 15.60%. Variable interest rates range from 5.99% to 16.60%. The lender doesn’t charge origination or disbursement fees, but there are late fees. If you miss a payment, Citizens Bank will charge you 5% of the payment amount.
Citizens has three repayment options: 1. Immediate: With the immediate repayment plan, you make full payments toward the principal and accrued interest while you’re in school. An immediate repayment option will give you the lowest total repayment cost. 2. Interest-only: If you opt for the interest-only repayment plan, you only make payments toward ...
Citizens has several standout features: 1. Loyalty discount: If you or your co-signer are a Citizens Bank customer with an existing checking, savings or loan account, you can qualify for a 0.25% interest rate discount. However, Citizens Bank checking and savings accounts are only available to residents of Connecticut, Delaware, Florida, Massachuset...
Jan 1, 2024 · Citizens Bank offers private student loans and refinancing options to undergraduate and graduate students and their parents. Competitive interest rates, flexible repayment terms and...
Aug 3, 2024 · Citizens Bank Refinancing Review: The Bottom Line. The Citizens Bank refinance program claims a spot in the top half of our Student Loan Refinance Rankings, based mainly on the low interest rates advertised.
Aug 12, 2024 · Citizens Bank has a very high maximum amount of up to $750,000 for refinancing student loans. If you have a substantial amount of student loan debt, it may be easier to refinance...
Apr 5, 2024 · Pros. Low interest rates. Citizens offers competitive refinancing interest rates. You can get fixed rates or variable-rate loans. It also has a loyalty discount and autopay discount that total up to 0.50% when you sign up for automatic payments. Getting this interest rate discount can help lower costs. High loan limit.
